Updated over 3 years ago on . Most recent reply
Off market MHP in Indiana
Hello all,
Recently put a 56 pad MHP under contract and we feel that it checks all those boxes that make them more attractive. Individually metered electrical and gas billed direct, individual water meters installed and billed back, city water, city sewer, paved roads, sidewalks and driveways! Mostly TOH, a few in RTO program with just a few more being POH and rented. Our goal is to infill vacant pads and transition the remaining POH to be owned by tenants and reduce the maintenance costs. Currently reaching out to our network and looking for partners to join in on this deal.
We own a couple multifamily buildings and manage another local MHP for another investor. We have a 1031 from a SFR that we will be rolling into this next project.